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1) Job Purpose:Write the purpose for which the job exists (in 2-3 lines) (Max 1325 Characters) |
The purpose of this role is to plan, establish and supervise the MIS function of Claims. This includes ensuring accurate and timely submission of periodic and ad-hoc reports related to Claims to the Regulatory Authority, handling Audits (IRDA, internal audits and other audits), preparing the claims register, bring in process improvements, automation, publishing analytical reports / Claims MIS and daily dashboard. The purpose involves Data Support and inter-department coordination with all stakeholders including sales, finance, internal claims and actuary teams. |
2) Dimensions:Mention quantitative or qualitative parameters that are relevant for the job and provide a better understanding of the scope and scale of the job. | |||||||||||
Business Workforce Number | 6 | ||||||||||
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Other Quantitative and Important Parameters for the job: Budgets/ Volumes/No. of Products/Geography/ Markets/ Customers or any other parameter | Prepare and Publish Claims MIS
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3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section((Max 3975 Characters) |
About the Health Insurance Industry - While the current market sees more than 15 non-life players in the private space and 5 exclusive private players in the health insurance space trying to capture a sizable market share, the nationalized service provider (6) remains a strong competitor. In addition to this the business dynamics are such that the overall market on an annual basis which is to the tune of roughly 10,000 Crs sees close to 85 % of the business renewing with the existing service provider itself. This narrows down the opportunity of the fresh business actually being seriously fought in the market to approximately 1500 odd Crs. With the SME and the start-ups being the driving force of Indian economy, the opportunity to cater to these segments is immense and is increasing manifold year on year. The challenge here therefore remains as to how we capture a larger share of the opportunity by developing specific solutions to cater each segment of the business. Also by creating an inexpensive and standardized solution to increase the reach into the pockets of channel partners across the country to harness on their captive business and explore new opportunities with them. Market Opportunities - With the advent of medical advancements, lifestyle changes, change in Indian socio-economic scenario and Indian healthcare space, and the insurers are facing challenges to cater to the needs of this diverse clientele. Increasingly Indian customers have started considering health insurance partners as extensions of health advisers. In this scenario it becomes extremely important to understand their psyche and then provide tailored solutions with wellness benefits which would help them meet their end objectives and bring in profitable revenue source for the company. About the Aditya Birla Health Insurance - Aditya Birla Health Insurance Co. Limited (ABHICL) was incorporated in 2015 as a 51:49 joint venture between Aditya Birla Capital Limited (ABCL) and MMI Strategic Investments (Pty) Ltd. ABHICL commenced its operations in October 2016. ABHICL has entered the competitive health insurance market with an aim to expand the category to wider customer segments, beyond the ones that health insurance companies traditionally have marketed to.As the 6th entrant in a category with well-established players, ABHICL is creating differentiation and equity for itselfthough the unique business proposition of Health Insurance for All, a one ofakindpropositionin India at the moment. This is a philosophy that is being built through every single consumer touch point and into every single backend process of the company to ensure a customer's experience of our proposition is continuous and seamless. ABHI's unique offering to market includes propositionincludes -
Challenges -
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4) Key Result Areas:Writethe key results expected from the job and the supporting actions for each of these key result areas (For a majority of jobs typically there could be 4- 7 key result areas)-Maximum 10 KRAs can be updated | |
Key Result Areas (Max 1325 Characters) | Supporting Actions(Max 1325 Characters) |
Accurate and timely submission of periodic and ad-hoc reports related to Claims to the Regulatory Authority/GI Council |
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Audits: IRDA, Internal, Stat, others Data submission/query response/ad-hoc reports to IRDA/GI Council Closure of audit observations |
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Dashboards
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Monthly / Quarterly / Annual Data submission Policyholder's protection committee, Quarterly board meetings, monthly Ops Review, Weekly Claims Review |
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5) Job Purpose of Direct Reports:Describe the job purpose of the direct report/s to the job (in 2-3 lines for each report) |
Claims Daily Dashboard - The purpose of this role job is to effectively manage and publish the daily/weekly/monthly dashboards related to claim intimations, TAT, NPS, Settlement Ratio, average claim size, productivity, pendency, and digital metrics. Claims MIS Regulatory Reporting - This role is responsible for timely and accurate submissions to the Regulatory Authority on a periodic basis, as well as ad-hoc reports, and publish reports for other quarterly submissions like Policyholder's Protection Committee, provide inputs for the Risk Management Committee, etc. Claims MIS Analysis Identify trends in TAT, Frauds, Settlement of Claims, Monitoring TPA performance based on defined KPI, System Development, UAT, Portfolio Analysis, Doing Root Cause Analysis of portfolio performance and MIS/Compliance |
6) Relationships:Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives | ||
Relationship Type (Max 80 Characters) | Frequency | Nature (Max 1325 Characters) |
Internal | ||
Underwriting Dept Group Operations Actuarial Dept Finance Dept Planning Dept Legal Dept Compliance Dept Claims Committee Claims Review Committee | As and when required As and when required Monthly Monthly As and when required As and when required As and when required As and when required As and when required | To obtain UW inputs on claim To get Group/ Member info on claim Claims settled and outstanding MIS Claims settled and outstanding MIS & for day-to-day claim cheques. For headcount budgeting & approvals To get specific legal inputs on claims To get specific Compliance inputs on claims and for taking action against the field force, if any, in repudiated cases. To decide on complex claims, reconsideration claims and claims beyond the authority of the Claims Dept To decide on complex claims, ex-gratia claims, reconsideration claims and claims beyond the authority of the Claims Committee For business forecast, MIS, query resolutions etc. For Claims status, query resolutions, MIS For System issues, queries, testing and system developments/ enhancements. |
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Select Advisors/Brokers/Key relationships / Affinity partners | As and when required | To publish claims MIS (claims paid, outstanding, reason for outstanding, repudiated) with aging of outstanding claims. |
7) Organizational Relationships:Provide the structure for a level above and below the position for which this job description is written. Use position titles in the structured and indicate all the reports of the position. |
SIGN-OFF:Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record. | ||
Job Holder | Reports to - Manager | |
Name | ||
Signature(needed for the hard copy) |
Job ID: 144427371
